U.Z.M.: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
U.Z.M.
Largest movements
- Tangible fixed assets -€18,881
down €18,881 (-7.1%), from €264,628 to €245,747
- Cash -€11,887
down €11,887 (-14.8%), from €80,348 to €68,461
mainly Other debts (-€52,097) and Contributions, distributions and other (-€15,222)
- Receivables within one year -€7,450
down €7,450 (-52.4%), from €14,223 to €6,773
- Other debts -€52,097
down €52,097 (-57.6%), from €90,376 to €38,279
- Reserves +€25,778
up €25,778 (+17.8%), from €144,738 to €170,516
of which Distributable reserves: +€25,778
- Debts after one year -€6,672
down €6,672 (-30.9%), from €21,604 to €14,932
- Tax, wage and social debts -€5,006
down €5,006 (-24.2%), from €20,704 to €15,698
- Gross operating margin +€9,879
up €9,879 (+12.7%), from €77,896 to €87,775
- Taxes +€4,254
up €4,254 (+27.3%), from €15,601 to €19,855
- Financial charges -€1,205
down €1,205 (-11.5%), from €10,488 to €9,283
- Depreciation -€1,198
down €1,198 (-8.0%), from €15,026 to €13,828
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €360,173 | €321,864 | -€38,309 | -10.6% |
| Fixed assets | 21/28 | €264,628 | €245,747 | -€18,881 | -7.1% |
| Tangible fixed assets | 22/27 | €264,628 | €245,747 | -€18,881 | -7.1% |
| Land and buildings | 22 | €242,500 | €235,000 | -€7,500 | -3.1% |
| Plant, machinery and equipment | 23 | €9,231 | €6,839 | -€2,392 | -25.9% |
| Furniture and vehicles | 24 | €12,897 | €3,908 | -€8,989 | -69.7% |
| Current assets | 29/58 | €95,545 | €76,117 | -€19,428 | -20.3% |
| Amounts receivable within one year | 40/41 | €14,223 | €6,773 | -€7,450 | -52.4% |
| Trade receivables | 40 | €14,223 | €6,773 | -€7,450 | -52.4% |
| Cash at bank and in hand | 54/58 | €80,348 | €68,461 | -€11,887 | -14.8% |
| Deferred charges and accrued income | 490/1 | €974 | €883 | -€91 | -9.3% |
| Total equity and liabilities | 10/49 | €360,173 | €321,864 | -€38,309 | -10.6% |
| Equity | 10/15 | €150,938 | €176,716 | +€25,778 | +17.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €144,738 | €170,516 | +€25,778 | +17.8% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €142,838 | €168,616 | +€25,778 | +18.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €209,235 | €145,148 | -€64,087 | -30.6% |
| Amounts payable after more than one year | 17 | €21,604 | €14,932 | -€6,672 | -30.9% |
| Financial debts | 170/4 | €21,604 | €14,932 | -€6,672 | -30.9% |
| Amounts payable within one year | 42/48 | €183,358 | €123,854 | -€59,504 | -32.5% |
| Current portion of amounts payable after more than one year | 42 | €6,672 | €6,672 | = | 0.0% |
| Financial debts | 43 | €60,000 | €60,000 | = | 0.0% |
| Credit institutions | 430/8 | €60,000 | €60,000 | = | 0.0% |
| Trade debts | 44 | €5,606 | €3,205 | -€2,401 | -42.8% |
| Suppliers | 440/4 | €5,606 | €3,205 | -€2,401 | -42.8% |
| Taxes, remuneration and social security | 45 | €20,704 | €15,698 | -€5,006 | -24.2% |
| Taxes | 450/3 | €20,704 | €15,698 | -€5,006 | -24.2% |
| Other amounts payable | 47/48 | €90,376 | €38,279 | -€52,097 | -57.6% |
| Accrued charges and deferred income | 492/3 | €4,273 | €6,361 | +€2,089 | +48.9% |
| Non-recurring operating income | 76A | - | €7,431 | +€7,431 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,026 | €13,828 | -€1,198 | -8.0% |
| Other operating charges | 640/8 | €3,792 | €3,846 | +€54 | +1.4% |
| Gross operating margin | 9900 | €77,896 | €87,775 | +€9,879 | +12.7% |
| Operating profit (loss) | 9901 | €59,079 | €70,101 | +€11,023 | +18.7% |
| Financial income | 75/76B | €36 | €36 | +€0 | +0.6% |
| Recurring financial income | 75 | €36 | €36 | +€0 | +0.6% |
| Financial charges | 65/66B | €10,488 | €9,283 | -€1,205 | -11.5% |
| Recurring financial charges | 65 | €10,488 | €9,283 | -€1,205 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €48,626 | €60,854 | +€12,228 | +25.1% |
| Income taxes | 67/77 | €15,601 | €19,855 | +€4,254 | +27.3% |
| Profit (loss) for the period | 9904 | €33,025 | €40,999 | +€7,974 | +24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €33,025 | €40,999 | +€7,974 | +24.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.